BNP Paribas Financial Markets Has $28.02 Million Stock Position in FTAI Aviation Ltd. $FTAI

BNP Paribas Financial Markets increased its position in shares of FTAI Aviation Ltd. (NASDAQ:FTAI) by 1,086.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 142,316 shares of the financial services provider’s stock after buying an additional 130,316 shares during the quarter. BNP Paribas Financial Markets’ holdings in FTAI Aviation were worth $28,015,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in FTAI Aviation during the 4th quarter worth approximately $262,393,000. Capital World Investors increased its holdings in FTAI Aviation by 17.3% during the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after purchasing an additional 933,944 shares in the last quarter. Northern Right Capital Management L.P. increased its holdings in FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares in the last quarter. Rubric Capital Management LP increased its holdings in FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after purchasing an additional 749,080 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Tuchman sold 143,584 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $242.44, for a total value of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares of the company’s stock, valued at approximately $57,289,056.88. This trade represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on FTAI. Morgan Stanley reissued an “overweight” rating and set a $319.00 price objective on shares of FTAI Aviation in a report on Friday, May 8th. BTIG Research boosted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Barclays boosted their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Jefferies Financial Group reissued a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.88.

FTAI Aviation Stock Performance

FTAI stock opened at $250.09 on Friday. The firm has a market cap of $25.65 billion, a PE ratio of 49.62, a P/E/G ratio of 0.99 and a beta of 1.47. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The business has a 50 day moving average of $248.96 and a 200-day moving average of $238.08. FTAI Aviation Ltd. has a 12-month low of $108.47 and a 12-month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.32). The business had revenue of $830.70 million during the quarter. FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The firm’s quarterly revenue was up 65.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. As a group, sell-side analysts expect that FTAI Aviation Ltd. will post 6.77 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio is currently 31.75%.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.